Microsoft, 3 Firms Invest a Total
Of $318.8 Million in Thomson Unit

An Interactive Journal News Roundup

Updated Dec. 2, 1998 7:04 am ET

Four companies will pay 1.8 billion francs ($318.8 million) to buy a combined 30% stake in French consumer-electronics group Thomson Multimedia from its state-owned parent Thomson SA, the company said Wednesday.

The transaction, outlined in July, values Thomson Multimedia, one of the largest TV-set makers in the world, at 6 billion francs.